UK Govt: Nigeria’s Capital Market Needs $10bn Financing Yearly to Meet SDGs by 2030 Emma Okonji and Oluchi Chibuzor
The UK government yesterday, said it was committed to supporting Nigeria to develop its thriving capital market and sees its Mobilising Institutional
Capital Through Listed Product Structures (MOBILIST) programme as a strong basis for collaboration with Nigeria’s financial sector. The UK government also said Nigeria’s capital market could help
contribute to the delivery of the country’s economic goals, including the ambition to transition to clean energy solutions, but would need about $10 billion in financing per year to meet the Sustainable Development
Goals (SDGs) by 2030. At two MOBILIST events hosted by the Nigerian Exchange Limited (NGX) and the British Deputy High Commission (BDHC) in Lagos yesterday, the UK government
underlined its commitment to work with Nigeria to enable private capital mobilisation at scale. The events in the Nigeria’s financial hub brought together stakeholders from across the finance
community, including representatives of the Securities and Exchange Commission (SEC) and pension fund industry, to discuss opportunities to Continued on page 9
Minimum Wage Talks: Labour Rejects NECA, FG's Offer of N54,000... Page 5
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Prosecutor Says He Was Told ICC Was Established for African, Russian Leaders... Page 9
Ganduje: Although Not Election Period Yet, We’re Working to Secure Tinubu’s Reelection FG’s policies focused on what works best for Nigeria, Shettima’s aide discloses
Deji Elumoye and Adedayo Akinwale in Abuja
National Chairman of All Progressives Congress (APC), Dr Abdullahi
Ganduje, yesterday, said while it was not election period yet, the party’s
leadership was already working to secure President Bola Tinubu’s second
term for consolidation. Ganduje spoke in Abuja at the
Continued on page 9
Again, CBN Raises MPR to 26.25% to Subdue Inflation
Cardoso: Monetary tightening yielding desired outcomes, banking system safe, sound despite headwinds Plans stronger regulatory framework for fintechs NECA, Teriba, CPPE say aggressive monetary tightening squeezing businesses, hurting borrowers Naira sustains gains on official window, stable at parallel FX market James Emejo in Abuja, Nume Ekeghe and Dike Onwuamaeze in Lagos Walking the talk, the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) yesterday resolved to further raise the Monetary Policy Rate (MPR), the benchmark interest rate by 150 basis points to 26.25 per cent from 24.75 per cent, in its sustained effort to bring down inflation. However, reacting to the decision of the MPC, Director General of Nigeria Employers’ Consultative Association (NECA), Mr. Adewale-Smatt Oyerinde; Chief Executive Officer, Economic Associates, Dr. Ayo Teriba; Chief Executive Officer, Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf; Managing Director/Chief Executive, Dignity Finance and Investment Limited, Dr. Chijioke Ekechukwu; Continued on page 9
Akpabio Hosts Finance Minister...
L-R: ,Chairman Senate Committee on Agriculture, Saliu Mustapha; Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, President of the Senate, Godswill Akpabio; and Chairman, Senate Committee on NDDC, Asuquo Ekpenyong, during a courtesy call on the Senate President by the Minister ... yesterday